Tomra Systems Correlations

TMRAF Stock

USD 12.00 0.20 1.64%

The current 90-days correlation between Tomra Systems ASA and Next Dynamics is -0.04 (i.e., Good diversification). The correlation of Tomra Systems is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Tomra Systems Correlation With Market

Average diversification

The correlation between Tomra Systems ASA and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tomra Systems ASA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Tomra Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tomra Systems when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tomra Systems - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tomra Systems ASA to buy it.

Moving together with Tomra Pink Sheet

0.68	TMRAY	Tomra Systems ASA	Pair Corr
0.65	RENT	Rent the Runway	Pair Corr

Moving against Tomra Pink Sheet

0.56	NIHK	Video River Networks	Pair Corr
0.5	RSG	Republic Services	Pair Corr
0.45	GFL	Gfl Environmental	Pair Corr
0.39	KJFI	Comjoyful International	Pair Corr
0.32	VEOEY	Veolia Environnement	Pair Corr
0.56	NPXYY	Nippon Sanso Holdings	Pair Corr
0.5	VICI	VICI Properties	Pair Corr
0.38	GOLD	Gold Inc Symbol Change	Pair Corr
0.34	STNE	StoneCo	Pair Corr
0.31	EE	Excelerate Energy Earnings Call Today	Pair Corr
0.39	LPG	Dorian LPG	Pair Corr
0.35	JOE	St Joe Company	Pair Corr
0.35	CPXWF	Capital Power Earnings Call Today	Pair Corr
0.34	PCH	PotlatchDeltic Corp	Pair Corr
0.34	SBFFF	SBM Offshore NV	Pair Corr

Related Correlations Analysis

	TESI	AIMH	SAHN	ABLT	IWAL	RJDG	KNOS	YELLQ	NEXD
TESI		-0.19	0.0	0.12	-0.63	-0.24	-0.37	-0.7	0.34	TESI
AIMH	-0.19		0.0	0.32	0.2	0.18	-0.01	0.31	0.09	AIMH
SAHN	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	SAHN
ABLT	0.12	0.32	0.0		-0.4	0.19	-0.13	0.28	0.82	ABLT
IWAL	-0.63	0.2	0.0	-0.4		-0.13	0.39	0.28	-0.6	IWAL
RJDG	-0.24	0.18	0.0	0.19	-0.13		0.28	0.34	0.19	RJDG
KNOS	-0.37	-0.01	0.0	-0.13	0.39	0.28		0.24	-0.13	KNOS
YELLQ	-0.7	0.31	0.0	0.28	0.28	0.34	0.24		0.03	YELLQ
NEXD	0.34	0.09	0.0	0.82	-0.6	0.19	-0.13	0.03		NEXD
	TESI	AIMH	SAHN	ABLT	IWAL	RJDG	KNOS	YELLQ	NEXD

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

NEXD	+ 0.82	ABLT
KNOS	+ 0.39	IWAL
NEXD	+ 0.34	TESI
YELLQ	+ 0.34	RJDG
ABLT	+ 0.32	AIMH
YELLQ	+ 0.31	AIMH

High negative correlations

YELLQ	- 0.7	TESI
IWAL	- 0.63	TESI
NEXD	- 0.6	IWAL
IWAL	- 0.4	ABLT
KNOS	- 0.37	TESI
RJDG	- 0.24	TESI

Risk-Adjusted Indicators

There is a big difference between Tomra Pink Sheet performing well and Tomra Systems Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Tomra Systems' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TESI	45.91	23.84	0.00	(4.88)	0.00	0.00	0.00	0.00	1,471
AIMH	11.98	1.76	0.09	(3.05)	11.66	(23.65)	39.53	(22.73)	96.98
SAHN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ABLT	1.35	0.53	0.00	(0.33)	0.00	0.00	0.00	0.00	40.83
IWAL	0.99	(0.24)	0.00	(0.29)	0.00	0.00	0.00	(3.08)	18.61
RJDG	2.92	0.03	0.01	0.05	3.44	(5.45)	7.14	(6.67)	22.82
KNOS	7.57	0.43	0.03	(0.34)	8.40	(10.82)	16.67	(15.15)	46.32
YELLQ	46.75	18.00	0.33	(1.04)	23.91	(171.67)	200.00	(66.67)	585.71
NEXD	5.73	2.64	0.00	(2.86)	0.00	0.00	0.00	0.00	188.33

Be your own money manager

Our tools can tell you how much better you can do entering a position in Tomra Systems without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Alpha Finder Now

Alpha Finder

Use alpha and beta coefficients to find investment opportunities after accounting for the risk

All Next

Launch Module

Tomra Systems Corporate Management

Bing Zhao	VP Asia	Profile
Mithu Mohren	Circular Communications	Profile
Michel Picandet	Ex Food	Profile
Tove Andersen	Pres CEO	Profile
Eva Sagemo	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC